Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,058   111.2969  -0.9964% 


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Collecting data for YHOO and ORCL ...

Correlation analysis between Yahoo and Oracle  

    
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Yahoo Inc and Oracle Corporation. You can compare the effects of market volatilities on Yahoo and Oracle and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Yahoo with a short position of Oracle. Please also check ongoing floating volatility patterns of Yahoo and Oracle.
 Yahoo! Inc.  vs   Oracle Corp.
Daily Returns (%)
YHOO   ORCL   
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Yahoo Inc is expected to generate 1.16 times more return on investment than Oracle. However, Yahoo is 1.16 times more volatile than Oracle Corporation. It trades about -0.04 of its potential returns per unit of risk. Oracle Corporation is currently generating about -0.11 per unit of risk. If you would invest  4,498  in Yahoo Inc on March 19, 2015 and sell it today you would lose (53.00) from holding Yahoo Inc or give up 1.18% of portfolio value over 30 days.

Correlation Coefficient

0.18

Parameters

Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs YHOO
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Average diversification

Overlapping area represents amount of risk that can be diversified away by holding Yahoo! Inc. and Oracle Corp. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Yahoo Inc

  
Over the last 30 days Yahoo Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Yahoo

Google Inc vs. Yahoo Inc
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Akamai Technologies Inc vs. Yahoo Inc
VeriSign Inc vs. Yahoo Inc
IACInterActiveCorp vs. Yahoo Inc
Autohome Inc vs. Yahoo Inc
58 Inc vs. Yahoo Inc
  

Oracle

  
Over the last 30 days Oracle Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Oracle

SAP AG vs. Oracle Corporation
Salesforce Inc vs. Oracle Corporation
Adobe Systems Inc vs. Oracle Corporation
Intuit Inc vs. Oracle Corporation
Red Hat Inc vs. Oracle Corporation
Mobileye NV vs. Oracle Corporation
Ansys Inc vs. Oracle Corporation
Bank of America Corporation vs. Oracle Corporation
Splunk Inc vs. Oracle Corporation